Our Articles

April 26, 2017
If you get money from renting out your house, a room, a caravan or a sleep-out for any time at all - it's income. This means you must file a tax return as you may have tax to pay - you may even get a refund. It depends on your other income (e.g salary or wages) and how much tax you've paid in the…
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April 26, 2017
You might've seen or heard the recent IRD advertising about undeclared cash jobs. “Whether it's you or your tax agent that prepares your GST and income tax returns, please make sure all your income is declared. If you don't declare cash jobs you can be hit with tax penalties and a criminal…
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April 26, 2017
On 13 March 2017, the Minister of Justice, the Hon Amy Adams, introduced the Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill (248-1). The Bill is intended to bolster New Zealand’s existing anti-money laundering laws which help to protect businesses and make it harder for…
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April 26, 2017
1 April 2017 heralds some important changes for taxpayers and their advisers. Most of the changes are business friendly and are designed to reduce compliance costs. The changes are contained in the recently enacted Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act. The…
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February 21, 2017
What will 2017 hold? Our natural curiosity about the future makes a ready-made market for speculative media articles about events likely to drive financial markets in the coming year.But the assumption driving much of this seasonal coverage is that the mere turn in the calendar from one year to…
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February 21, 2017
Intellectual property (IP) forms a fundamental element of most businesses. It encompasses creativity, innovation and in some instances, education. In certain circumstances, intellectual property rights may be registered, thereby making provision for particular, exclusive rights over an invention,…
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February 21, 2017
Whether a director “lives in” New Zealand By virtue of section 10 of the Companies Act 1993, New Zealand companies are required to have at least one director who: lives in New Zealand; orlives in Australia and is also the director of an Australian company (excluding a branch). The Companies…
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February 21, 2017
Inland Revenue have been improving the way they collect overdue debt for some time now. They have also been working to understand why people go into debt and have developed some initiatives to increase on time payment. IRD continue to see high numbers of people who miss the 7 April due date and…
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February 21, 2017
A Bill that tightens the foreign trust disclosure rules, simplifies tax processes and reduces or eliminates use-of-money interest for most business taxpayers passed its final stage in Parliament today. “The new legislation tightens the disclosure rules for foreign trusts as recommended by the…
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February 21, 2017
Introducing My GST There's a new section in myIR called My GST - it looks a little different, but you can still do everything you need, plus some new things. This is the first of many changes we'll make over the next few years to make tax simpler for you. To check out the new My GST section, log…
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February 21, 2017
For many years, the Inland Revenue Department have been provided funding to target investigations of tax payer’s compliance. Over the recent year that funding is significant. Their aim is to not just encourage compliance but also identify and recover under returned and under paid tax. IRD…
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February 21, 2017
We often come across clients providing their information either on a manual spreadsheet or cash book. There is nothing wrong with this. However, this can be prone to adding mistakes and incorrect formulas. When also ask the question “does it take long to prepare the information?” More often…
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February 21, 2017
New Zealand's tourism boom means it can be lucrative to rent out property but owners need to do their homework or could get stung. A lot of apartments and houses in areas such as Queenstown, for example, could easily be rented out on a short-term basis in excess of $1000 a night, Deloitte tax…
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December 20, 2016
For many years the Inland Revenue Department have been provided funding to target investigations of tax payer’s compliance. Over the recent year that funding is significant. Their aim is to not just encourage compliance but also identify and recover under returned and under paid tax. Each…
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December 15, 2016
'Tis the season to make forecasts. As we approach the end of the year, newsroom staffing dwindles and editors look for space fillers to keep the readers happy. Yes, here come the investment "outlooks" again. Each year at this time, the financial pages are filled with "investment outlooks" that…
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December 15, 2016
Ordinary citizens have a limited ability to make an arrest; however, their powers are not as wide as you may think. This article will interest security contractors, business owners and anyone else who might find themselves in the position where they might need to react to a crime. Technically…
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December 15, 2016
As an employment lawyer in Auckland, I have to advise mostly decent employers on employment law, which is quite demanding especially for small businesses. But there are some shoddy and even dishonest or otherwise unscrupulous employers out there. Just Kebab Ltd was ordered by the ERA to pay a…
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December 15, 2016
It’s almost the end of another year. From all of us at Inland Revenue we wish you, your staff and family a happy holiday break. If you’re working over the holiday break, IRD 0800 numbers will be operating on the following days. Day Date Time Friday…
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December 15, 2016
IRD have recently sent emails to Tax Agents confirming that undeclared cash in the construction sector remains a high priority for them. You’ll probably recall recent advertising that IRD have done, and you may have seen the advertising that IRD are running at the moment. IRD are letting Agents…
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December 15, 2016
If you are self-employed and/or on a shareholder salary you should be on the ACC Cover Plus Extra plan! ACC Cover Plus Extra gives you certainty at claim timeGives you cash when you most need it! You know exactly your entitlements You nominate the amount of ACC cover required to suit your…
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